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Nuclearelectrica seeks financial guidance for $1bn deal
Nuclear power producer Nuclearelectrica intends to retain a financial consultant for Unit III of the Cernavoda Nuclear Power Plant. The financial consultant will have a say in the $1 billion...
Petrom, deal of the year for insurers
The biggest deal that lies ahead of insurers and insurance brokers in Romania in 2004 is the privatisation of Petrom, a company whose assets are worth $3bn. The company, which is exposed to...
Thirst for shopping remains unquenched
New players, more stores or longer opening hours for the stores of the players on the market are the elements that were supposed to make a difference between the 2003 Christmas holidays and...
Romanians crave for Harley Davidson
Elmec Romania, the representative of US sports equipment maker Nike in Romania, will expand its activity this year. After selling sports clothing and shoes, Elmec plans to sell Harley Davids...
IMF pushes for current account deficit cut
The International Monetary Fund feels that Romania cannot afford a current account deficit exceeding 5.2% of the Gross Domestic Product in 2004, given this year's estimated record of 6.5%. T...
Nastase would have Russians for Distrigaz
The privatisation of the Romanian gas distribution companies should be done with a company from Russia, given that the largest amounts of natural gases are imported from this country, Prime...
2003: soaring current account deficit and record-high revenues for retail
An optimist always sees the glass as half-full, whereas a pessimist only notices the empty half. However, now that the time has come to draw the line and summarise the year that has almost p...
EBRD's big plans for Romania
The European Bank for Reconstruction and Development (EBRD) plans to take part in the restructuring and privatisation of the Romanian Savings Bank (CEC) and Eximbank, the last banks under St...
CNVM nominated by brokers for "Blunder of the year"
The National Securities Commission (CNVM) yesterday managed to take the Romanian capital market by surprise. However, the surprise was not a "crystal-clear" regulation or a measure aimed to...